2012-12-02
2012-12-10
x FBC

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FBC 17
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English 17

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the table. >> moment yoize social security or voucherize medicare or block grant medicaid you lose us. >> but the new forbes report showing that moreeople in the states are taking money from the government than the private sector, can our nation afford a deal that doesn't put so-called entitlements on the table. i am dave. we'll go t mike, to you. we have to put entitlements on the table? >> for the sake of the over all economy we must put enments on the table. over the last four years entitlement spending is growing faster than the over all economy. this is why president obama has this country in record debt. that hurt the economy. take-home pay decreased under president obama. we must get entitlements under control. >> rick at the unemployment and housing vouchers. it is 800 billion extra spending. doesn't that have to be cut. >> there is no chance that there will be a dole without entitlement cuts. what senator durbin is talking about is the importance of focusing. if we want a deal you will not doing by taking a wide sprect rum approach. president clinton was clear when he spoke t

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of raising rates. 1 trillion in spending cuts to including health care reforms such as raising the medicare retirement age and limiting the cost of living adjustments for social security recipient. meanwhile, a brand new poll dismisses the president's claims of a mandate to raise taxes. a survey of 800 obama voters split right down the metal on the political ppll on how they want obama to cut the deficit. 41 percent responded in favor of spending cuts. 41 percent of respondents saying they favor tax increases. the white house says it will offer a counterproposal to house speaker proposal. saying that unless he accepts tax increases on the rich the president is willing to go over the cliff. let's get straight to the politics of these developments and the rhetoric and possible economic impact of failure to resolve the issues. joining as, former special assistant to president george w. bush, a veteran political consultants and republican pollster. let's start, if i may, with you. do you think both sides right now are seriously ready to go over the cliff? >> i think the president is very ready

opposed to any cuts in medicare, medicaid, or soial curity saying entitlements mply cannot be considered in initiation. wobbrn an unprecedented meeting to ddscuss the president's messaging on tax hikes. this was not a meeting of the anchors of a number of networks, as happens time to time, bt rather a meeting wit one network exclusively. msn b.c., the president bring in a left-wing host from in as nbc, including racha matter out, al sharpton, lawrence o'donnell, and souls as well as huffington opposedounder area huffington. they all met with the president today in the white hhhuse straight foard about the political purpose of their meeting, saying this afternoon at the wite houe the presdent met with influential progressiv to ta about the importance of preenting a tax increase on midle class families, strengthening our economy, and adopting a balanced apoach to deficit reduction. and so it goes. my first guest says it does not matter who you tax or what form revee takeshim, taking more money at the private sector will hurt economic growth. joining us now, republican senator from the grea

who are, you know, middle class, seniors who are on medicare, young people who are trying to get student loans to go to college. i can't ask them to sacrifice and not ask anything of higher income folks. lou: great news on the economy, will higher taxes screw it up? two of the best economic thinkers join us, deutsche bank senior u.s. correspondents will be here joining us next. detroit on the edge of bankruptcy as city councilwoman with a rather direct, plain spoken solution saying it's simple. the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and psonal attention. which is why we arare proud to parer with healh care professionals who understand the difference that quality time with our members can me... that's a very nice cake! ohh! [ giggles [ le announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals w helped us achieve the highest average star rating among n

taxes, but you're going to be the ones tocut medicare. if you want cuts in entitlements, but the mob. i'm not going to do both for you. lou: here is a thought. that is, the obama white house has made a rare mistake, miscalculation. they have incentivized republicans to say, you know, the heck with it. if you're not going to come to the table, we are not going to advance it. you have chosen and we have reached an agreement as to parties for sequestration. we will go along with the tax cuts. that's your decision. sequestration was part -- we are partners on that deal. let her rip. they're going to get twice as much in the way of spending cuts as an increase in taxes that way it's the best deal, and it's also oriented toward the republicans favored. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm elections, six years, sterile for the president. the end of the day he wan a legacy. it's going to be the highest unemployment in history for two

with entitlements, medicare, medicaid, social security, the real problem here, they say flat out, we're not going to do that. you have some differences with the democrats as well. >> no question. there's division of plenty on capital hill, b u this president is giving a clear impression that he doesn't care what anyone else thinks, democrat, republican, the senate, the house, his team, he'll plunge ahead over the cliff. am i missing something, chris? >> no, that's what he would like most of all. the thing that barack obama would like most of all, and i don't mean this to say that he doesn't love america or whatever else, but what i mean, is that the president is advantaged hugely on the other side of the fiscal cliff. if he can get republicans to join hands, jump, and be on the other side, all the tax rates go up issue and he's negotiating from an advantaged position. if he kept debt that, what he would hope is he can force republicans into app auto fade op the question of tax rates and have the party consume itself ahead of midterms with primary challenges before the 2014 so he's, right now, on

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